DANIMER SCIENTIFIC INC.
DANIMER SCIENTIFIC INC.
4.72 USD (+8.26%)
12/27/2024 - 20:59 Closed 15 min delayed data - NYSE Stocks
Open: 4.43
Change: +0.36
Volume: 434,731
Low: 4.40
High: 6.20
High / Low range: 1.80
Type: Stocks
Ticker: DNMR
ISIN:

DANIMER SCIENTIFIC INC. - Daily - Technical analysis published on 04/24/2023 (GMT)

  • 148
  • 0
  • 04/24/2023 - 19:46
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on 04/24/2023 - 19:46
  • Status : TARGET REACHED

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 2.71 USD
My targets
3.10 USD (+5.44%)
4.05 USD (+37.76%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DANIMER SCIENTIFIC INC.. As long as you are above the support located at 2.71 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.10 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.05 USD as an objective. Crossing it would then enable buyers to target 4.35 USD. If the support 2.71 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dbean323. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The DANIMER SCIENTIFIC INC. price is 2.94 USD. The price is lower by -20.11% since the last closing and was between 2.94 USD and 3.70 USD. This implies that the price is at 0% from its lowest and at -20.54% from its highest.

2.94
3.70
2.94

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-55-27.5027.55582.5January 1st1 year6 months1 month5 daysToday

Technical


A technical analysis in Daily of this DANIMER SCIENTIFIC INC. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.87 2.18 2.71 2.94 3.10 4.35 5.31
Change (%) -36.39% -25.85% -7.82% - +5.44% +47.96% +80.61%
Change -1.07 -0.76 -0.23 - +0.16 +1.41 +2.37
Level Intermediate Intermediate Major - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.233.433.563.763.894.094.22
Camarilla3.593.623.653.683.713.743.77
Woodie3.193.413.523.743.854.074.18
Fibonacci3.433.563.643.763.893.974.09


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.593.113.403.924.214.735.02
Camarilla3.463.533.613.683.753.833.90
Woodie2.473.053.283.864.094.674.90
Fibonacci3.113.423.613.924.234.424.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.611.212.332.934.054.655.77
Camarilla2.983.143.293.453.613.773.92
Woodie0.871.342.593.064.314.786.03
Fibonacci1.211.872.272.933.593.994.65

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell8
Moving averages
Created with Raphaël 2.3.0Buy20

RSI (14): 53.82
MACD (12,26,9): 0.3200
Directional Movement: 12.95
AROON (14): 7.14
DEMA (21): 4.06
Parabolic SAR (0,02-0,02-0,2): 4.43
Elder Ray (13): -0.14
Super Trend (3,10): 3.09
Zig ZAG (10): 3.57
VORTEX (21): 1.1700
Stochastique (14,3,5): 24.01
TEMA (21): 4.10
Williams %R (14): -95.36
Chande Momentum Oscillator (20): -0.31
Repulse (5,40,3): -10.8300
ROCnROLL: -1
TRIX (15,9): 2.0400
Courbe Coppock: 40.46
MA7: 3.90
MA20: 3.72
MA50: 2.84
MA100: 2.46
MAexp7: 3.81
MAexp20: 3.61
MAexp50: 3.09
MAexp100: 2.86
Price / MA7: -24.62%
Price / MA20: -20.97%
Price / MA50: +3.52%
Price / MA100: +19.51%
Price / MAexp7: -22.83%
Price / MAexp20: -18.56%
Price / MAexp50: -4.85%
Price / MAexp100: +2.80%

Quotes : 04/24/2023 - 19:30 - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on DANIMER SCIENTIFIC INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15.4k
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis DANIMER SCIENTIFIC INC. - Daily